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Room rates tumble in Dubai as Sharm bargains continue

Average cost of a hotel room in the Emirate has fallen by 10 per cent since the start of the year

Pictured: average rates have fallen across the board in the Middle East and North Africa region in 2016

The average cost of a hotel bedroom in Dubai fell by almost 10 per cent in the first four months of 2016.

Figures from the Hotstats Middle East and North Africa Chain Hotels Market Review reveal that average room rate has fallen to US$298 (£210) – a 9.6 per cent decline since the start of 2016, and 13 per cent down in monthly year on year figures for April.

Occupancy has remained steady in the Emirate – which was named UK agencies’ top long haul destination for 2015 - at around 87 per cent, the report noted, while conferencing and banqueting revenues have responded with a 17 per cent uplift.

Elsewhere, there are further bargains to be had in the Egyptian red sea resort of Sharm el Sheikh, where rates have fallen since the terrorist bombing of a Russian tourist plane in October. With less than a third of the resort’s hotel rooms occupied in April, average rates for the month fell to US$55 (£39), representing a 16 per cent decline since the start of 2016.

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